MBA JUNE 2014 FINAL EXAMS PAPER AFFILIATED COLLEGES

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2 Affiliated College MBA Final Examination Paper June 2014 ToC [i] Table of contents Table of contents 1 MBA I Business Economics 2 MBA I Organizational Behavior 3 MBA I Business Mathematics 4 MBA I Business Communication I 5 MBA I Introduction to Business & Management 6 MBA I Fundamental of Accountings 8 MBA II Business Communication II 9 MBA II Business Statistics

3 Affiliated College MBA Final Examination Paper June 2014 ToC [ii] Table of contents Table of contents 11 MBA II Introduction to Marketing 12 MBA II Financial Accounting 14 MBA II Computer Application to Business 15 MBA II Human Resource Management 16 MBA III Cost Accounting 18 MBA III Economic & Industrial Development of Pakistan 19 MBA III Production Management 20 MBA III Introduction to Business Finance

4 Affiliated College MBA Final Examination Paper June 2014 ToC [iii] Table of contents Table of contents 21 MBA III Advance Business Statistics 23 MBA III Introduction to Research Methods 24 MBA IV Management Information System 25 MBA IV Managerial Accounting 27 MBA IV Auditing 28 MBA IV Global Marketing 29 MBA IV Banking Operations and Management 30 MBA IV Advertising & Promotion

5 Affiliated College MBA Final Examination Paper June 2014 ToC [iv] Table of contents 31 MBA IV Project Appraisal

7 Page 1 of 31 BUSINESS ECONOMICS; BA (M) 511 MBA I Date: June 16, Attempt any 5 questions. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device will not be allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q1 a) What do you understand by the term elasticity of demand and elasticity of supply? What factors determine the elasticity of demand for a commodity? Q1 b) How cross elasticity of demand is used to distinguish between substitutes goods and complimentary goods? Q2 Q3 Good crops will generally lower the income of farmers specifies your answer using supply and demand diagrams. What is meant by consumer s equilibrium? How the equilibrium of consumer in respect of a particular commodity would be affected if 1) The price of that commodity rises 2) The income of the consumer falls 3) The price of substitute commodity falls Use indifference curve techniques for your answer Q4 a) What are the essential factors of a competitive market? Q4 b) Discuss all cases of perfect competition, supernormal, and profit normal and profit, loss and shutdown Q5 In an ideal market economy all goods and services are voluntarily exchange for money at market price. Explain economic role of government how do government perform functions? Q6) Write short notes on any 2 of the following: 1) Public and private partnership 2) Blending of micro and macro economics 3) Pattern of imperfect competition 4) How ordinal utility approaches are more powerful than cardinal utility approaches?

8 Page 2 of 31 ORGANIZATIONAL BEHAVIOR; BA (M) 561 MBA I Date: June 18, Attempt any 5 questions, all carry equal marks. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device will not be allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q1. a) Define organizational behavior. How are organizational behavior concepts addressed in management functions? Q1. b) Evaluate why application of organizational behavior today become very important in any organization? Q2. a) Define job satisfaction. Summarize the main causes of job satisfaction. Q1. b) Describe the steps in behavior modification. Q3. Identify the stages of group development. Make a flow chart of decision making process. Q4. a) Define Motivation. Differentiate between primary and secondary motives? Q4. b) Discuss.the implementation of Abraham Maslow s Hierarchy of Needs in an Organization. Q5. Explain the following theories of leadership in detail: 1. Contingency theory 2. Behavioral theory along with Managerial Grid Q6. What is stress? What are the causes and consequences of stress? How can we manage stress?

9 Page 3 of 31 BUSINESS MATHEMATICS; BA (M) 531 MBA I Date: June 20, Attempt any 5 questions. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device will not be allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q.1. (a) Solve 2x 2 5x 12 0 (b) Find equation of line passes through (3, 10) and is perpendicular 4x 2y = 12 Q.2. (a) Solve the system 4x + 2y = 2, 2x 3y = 13, x y = 5 (b) Solve the system x + 2y = 5 x z = 15 x + 3y + 2z = 40 Q.3. (a) A university football team has to play a match with other team, the other team has agreed to play the game for guaranteed fee of Rs. 200,000 plus 20% of gate receipts, assume that the ticket price is Rs. 25. How many tickets must be sold in order to get profit of 250, 000/= If 40,000 tickets must be sold, what ticket price would allow the university to earn the profit Rs. 250, 000/=. Solve 2x 2 ln x 5x ln x = 12ln x Q.4. (a) Find f ( 2) and f ( 2) 3 if ( ) ( 4x 3x) f x = e 3x (b) 1 Using Gaussian Technique, Find Inverse of x + 1 x < 1 f = 2x 3 1 x (b) Find f / (x) using limit approach f (x) = (x 3 x 2 ) Q. 5. (a). Discuss continuity of ( x) At x = 1 Q.6. (a) Integrate (i) x e dx 2x 4x + 7x 8 (b) Integrate (i) dx 2 x + 2x x 2 (ii) ( ln x) 2 dx

10 Page 4 of 31 BUSINESS COMMUNICATION I; BA (M) 501 MBA I Date: June 23, 2014 Max. Time: 3 Hrs Max. Marks: Attempt ALL questions. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device will not be allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q 1 What is nonverbal communication? Give a brief overview on different ways of nonverbal communication? Q 2 a) Define all 7 Cs of effective communication. b) As you strive for Completeness, which factors / guidelines are important? Q 3 For a company to survive, it must establish markets not only in its own country but also in many foreign countries. What are the different cultural variables and how do they affect the overall communication process? Q 4 ABC company has recently introduced a policy of subsidizing 50% of the tuition fee for their employee s children. Write a memo for announcing this policy. Q 5 a) Define the term persuasion. Discuss the organization of persuasive messages. b) Reliable Computers Limited has recently imported 1200 computers from Taiwan. The consignment packed in 12 pallets was shipped through Eastern Freight Airways (EFA). On examination of the packages the consignee has found that 200 computers have been damaged due to mishandling by the loading staff. The computers have been damaged beyond repairs and have to be considered as a total loss. [10] [15] [10] [10] [15] As manager imports, you are required to draft a claim letter to EFA describing the problem and making a strong and well-substantiated claim for compensation.

11 Page 5 of 31 INTRODUCTION TO BUSINESS MANAGEMENT; BA (M) 541 MBA I Date: June 25, Attempt any 5 questions. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device will not be allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q#1 Identify the three major forms of business ownership? Also discuss the advantages and disadvantages of the major forms of business ownership? Q#2 What is marketing? Discuss the Four P s of marketing that constitute the marketing mix? Q#3 What are the major types of risks faced by businessmen? Also explain that for a risk to be insurable, what factors should be present? Q#4 What is management? Discuss the four basic functions of management. Q#5 Discuss the importance of human resource management. Also differentiate between job description and job specification? Q#6 Discuss any 2 of the following motivational theories. 1. Hierarchy of human needs theory 2. Expectancy theory 3. Equity theory

12 Page 6 of 31 FUNDAMENTALS OF ACCOUNTING; BA (M) 521 MBA I Date: June 27, Attempt all questions. Show the necessary computations. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device will not be allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q1 a) On January 13, 2014, the Badami store was destroyed in a fire. Luckily, the accounting records were kept in a separate location and the company was able to reconstruct the following information. Inventory at January 1, ,000 Inventory stored at another location, at January 13 5,000 Sales from January 1 to January 13 60,000 Purchases from January 1 to January 13 10,000 Gross profit percentage on sales 40% Required: Calculate the cost of inventory destroyed by the fire. Q1 b) The following information concerns one of a company s products, the Hawkeye: Date Transaction Quantity Price/Cost Jan 1 Beginning Inventory 1, Feb 5 Purchase 2, Feb20 Sale 2, Apr 2 Purchases 3, Nov 4 Sales 2, Required: Calculate the value of ending inventory assuming the company uses i) Perpetual FIFO ii) The above table indicates that the inventory price trend is consisting rising in this case, the FIFO method of valuation will give the highest or lowest amount of the following: a. Merchandise Inventory b. Cost of Goods Sold c. Gross Profit Q2 On April 1, 2014, Mona Ltd. showed the following balances on their statement of financial position: Accounts Receivable Rs. 237,000 Allowance for doubtful accounts 25,150 During the year ended March 31, 2014 the following summary transactions affecting the receivables occurred: Sales on account Rs. 2,648,000 Sales returns and allowances Rs. 159,000 Collections on accounts Rs. 2,489,000 Write offs of accounts deemed uncollectible Rs. 66,000 Recovery of accounts previously written off as uncollectible Rs. 21,650 Cash sales Rs. 1,300,000 Required: i) Prepare appropriate journal entries to record each of the summary transactions listed. ii) Enter the April 1, 2013 balances in T accounts and post the journal entries from part 1 to these accounts. iii) Assume that the company estimates that 1.2% of net credit sales will never be collected. Prepare the journal entry to record the bad debts expense at year end, March 31, 2014 iv) What is the net realizable value of the accounts receivable at March 31? v) Show the appropriate presentation of the receivables on the statement of financial position. vi) Assume that the company estimates that 10% of the accounts receivables at end is likely to be uncollectible. Prepare the general journal entry to record the bad debts expense at year end March 31, /02

13 Page 7 of 31 Q3 On May 1 Mehtab started a mowing business under the title Mehtab & Sons by investing Rs.1,500,000 cash. July 5. Purchased office supplies for Rs. 1,000 on account. 10. Purchased mowing equipment paying Rs. 40,000 cash and issuing a Rs. 160,000 notes payable for the balance. 12 Paid for petrol Rs. 20,000 to be used in July. 20 Billed the Lalazar Farms for Rs. 15,000 for mowing services. 26 Received cash Rs. 26,000 for mowing services rendered. 30 Collected the Accounts Receivable in full from the Lalazar farm for mowing services provided July Paid salaries Rs. 18,000 Required: i) Record the above transactions in a general journal. ii) Show the changes in a tabular form that would be brought about in the income statement and the balance items by the above transactions in terms of increase (I), decrease (D), and no effect (NE). iii) Why should a trial balance tally? iv) A trial balance does not prove accuracy of the account balances. Make a reasonable in a sentence. Q4 The March 31, 2014, bank statement for Focus Ltd. showed a balance of Rs In preparing the bank reconciliation, the following information was determined: a) The following cheques are outstanding at March 31,: # 501 for Rs. 780 and # 533 for Rs.1,200. b) The March 31, deposit of Rs. 6,200 had not been received by the bank in time to be included in the March bank statement. c) Bank service charges for March amounted Rs. 35 and had not yet been recorded by Focus Ltd. d) Cheque# 521 issued by Focus Ltd. in the amount of Rs. 620, for the cash purchase of office equipment, had been incorrectly recorded in the books of Focus Ltd. as Rs e) A Rs. 530 payment on account received from a customer was incorrectly recorded in the books of Focus Ltd. as Rs 350. f) The balance in Focus Ltd. s cash account according to its accounting records was Rs. 915 Required: i) Prepare a bank reconciliation statement for Focus Ltd. at March 31. ii) Prepare the necessary journal entry(ies) to bring Focus Ltd. s cash account up to date at March 31. iii) Write down any three immediate benefits of preparing a bank reconciliation statement. Q5 The following is a list of account balances at December 31, 2013 for Kiran Corporation, a publicly accountable company. You are also told that the company issued Rs. 250,000 of Capital Stock during the year and declared a total of Rs. 50,000 of dividends. Accounts Payable 189,000 Interest payable 16,000 Accounts Receivable 123,000 Interest receivable 12,000 Accumulated Depreciation - Building 540,000 Inventories 215,000 Accumulated Depreciation - Equipment 210,000 Land 280,000 Building 1,550,000 Long term debt 1,000,000 Capital Stock 850,000 Long term investments 35,000 Cash 67,000 Machinery and equipment 854,000 Cost of Goods Sold 1,050,000 Patents 152,000 Depreciation expense 80,000 Prepaid expenses 16,000 Dividends payable 10,000 Rent expense 15,000 Franchise 40,000 Rental revenues 50,000 Income tax expense 229,000 Retained earnings 306,000 Insurance expense 6,000 Salaries expense 160,000 Interest expense 75,000 Sales 1,900,000 Interest income 10,000 Short term investments 182,000 Unearned revenues 60,000 Required: i) Prepare a Statement of Income, a Statement Financial Position and a Statement of changes in Shareholders Equity. ii) Point out the assets and liabilities on the above list that are recognized and recorded on accrual basis of accounting.

15 Page 8 of 31 BUSINESS COMMUNICATION II; BA (M) 502 MBA II Date: June 17, 2014 Max. Time: 2 Hrs Max. Marks: Attempt all questions. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device will not be allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q 1 Describe the Listening process and explain how good listeners overcome barriers at each stage of the process. [10] Q 2 Assume that you have received a job interview call from a well-known multinational company. [10] Discuss the crucial points that can act as an initial guide: (i) Prior-to-the interview preparation (ii) Your behavior during an interview Q 3 Design a resume with a cover letter for the following job advertisement. (You may assume any necessary details) [10] A multinational company requires HR OFFICER for their head office based in Karachi. Minimum Qualification: MBA in Human Resource Minimum Experience: 3 years Must possess excellent interpersonal / communication skills Those who meet the above criteria may their CV at info@hr.com.pk latest by 28 th June 2014.

16 Page 9 of 31 FINAL EXAMINATION, JUNE 2014; AFFILIATED COLLEGES BUSINESS STATISTICS; BA (M) 532 MBA II Date: June 19, Attempt 5 questions all together, where Q1 is compulsory. Do not write anything on the question paper. TABLES ARE NOT REQUIRED. 2. Use of mobile phones or any other communicating device will not be allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q1 Differentiate any 6 of the following: (Compulsory question) a) Data collected through survey and through journals. b) Multiple Bar and Component Bar diagram c) Arithmetic Mean and Mode d) Relative and Absolute dispersion e) Permutation and Combination f) Mutually and Non mutually exclusive events g) Weighted and Un weighted index number h) Price relatives and link relatives method of index number Q2 a) Construct discrete frequency distribution for the number of children living in each of the 50 flats Q2 b) Prove by using discrete frequency distribution that Mean=Median=Mode Q2 c) For each of the following Class Intervals, calculate class boundaries, class marks, class width. i) ii) iii) ( 2.5) ( 1.5) Q3 a) Explain the property of variance related to change of scale and origin. Q3 b) The mean wage of a factory worker is Rs 15000/ with variance of Rs 625. What will the new mean and variance? i) If Rs 2000/ is increases in wage of each employee ii) If 5% increase in the salary of each worker. Q3 c) The GPA of the students of a business school is as follows: GPA Frequency i) Calculate mean and Standard deviation. ii) Calculate approximately what % of the GPA fall within one standard deviation of the mean. 01/02

17 Page 10 of 31 Q4 a) A True / False test consist of 4 questions. Find the probability of getting exactly two right answers. Q3 b) A sample of 500 respondents was selected to determine the consumer behavior. The question asked was Do they like particular brand of olive oil. Answers are summarized as. Yes No Male Female i) Find the probability that person says yes given that person is a male. ii) A person is picked at random what is the probability that the person is female or someone who says yes. iii) If two persons are picked at random what is the probability that both are male. iv) A male is picked at random what is the probability that he says yes. Q5 a) What are the properties of coefficient of correlation? Q3 b) Describe the situations for r=1, r = 0 and r = 1 Q3 c) The following data taken from a Generator rental company. Generator rented for Hrs X Bill charged Y (000) i) Find regression line to estimate bill charge when the generator rented for 45 hrs. ii) Estimate the fixed charges and charges per hr. iii) Calculate coefficient of correlation and comment on the result. Q6 a) 10% of pins in the box are defective. If 10 pins are selected at random calculate the probability that i) Exactly 3 are defective ii) More than 7 are effective iii) Less than mean number are defective. Q3 b) For the following probability distribution X P(x) z i) Calculate z. ii) A random variable picked at random from this distribution, calculate the probability that it is positive. iii) Calculate mean and variance.

18 Page 11 of 31 INTRODUCTION TO MARKETING; BA (M) 542 MBA II Date: June 21, Attempt any 5 Questions. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device will not be allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q1 a) Describe the criteria necessary for effective segmentation [04] b) Briefly explain the reasons for positioning and repositioning of products & [08] summarize the types of positioning strategies. Q2 a) Discuss how integrated marketing communication relates to the development of [06] an optimal promotional mix. b) Describe the process of creating an advertisement. [06] Q3 Identify the key elements of a customer driven marketing strategy & discuss marketing management orientation that guide marketing strategy. Q4 Explain how changes in the demographic and economic environments affect marketing decisions & discuss how companies can react to the marketing environment. Q5 Discuss how to design sound business portfolios & develop strategies for growth & downsizing. Q6 a) Recognize the constraints on a firms pricing latitude & the objectives a firm has in setting prices. b) When does a price become a promotional pricing? What pitfalls does a firm risk in promotional pricing? [12] [12] [12] [06] [06] Q7 a) Describe the roles that marketing channels & logistics play in marketing [06] strategy. b) Briefly explain sub-optimization problem in logistics. [06]

19 Page 12 of 31 FINANCIAL ACCOUNTING; BA (M) 522 MBA II Date: June 24, ATTEMPT ALL QUESTIONS. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device is not allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q.1: Presented below is information related to Arthur Company. Prepare cash flow statement using the indirect method. Arthur Company Comparative Balance Sheet December 2012 Assets Cash 54,000 37,000 Accounts Receivable 68,000 26,000 Inventories 54,000 - Prepaid Expenses 4,000 6,000 Land 45,000 70,000 Building 200, ,000 Accumulated depreciation - building (21,000) (11,000) Equipment 193,000 68,000 Accumulated depreciation - equipment (28,000) (10,000) Total 569, ,000 Liabilities and Stockholder's Equity Accounts Payable 23,000 40,000 Accrued Expenses Payable 10,000 0 Bonds Payable 110, ,000 Common Stock (Rs 1 Par) 220,000 60,000 Retained Earnings 206, ,000 Total 569, ,000 Arthur Company Income Statement For the Year Ended December 31, 2012 Revenues 890,000 Cost of Goods Sold 465,000 Operating Expenses 221,000 Interest Expenses 12,000 Loss on sale of equipment 2, ,000 Income before Income Taxes 190,000 Income Tax Expense 65,000 Net Income 125,000 Additional Information: 1. Operating expenses include depreciation expense of Rs 33,000 and charges from prepaid expenses Rs 2,000. Interest Expense of Rs 12,000 was paid in cash. 2. Land was sold at its book value for cash. 3. Cash dividends of Rs 55,000 were declared and paid in Equipment with a cost of Rs 166,000 was purchased for cash. 5. Equipment with a cost of Rs 41,000 and a book value of Rs 36,000 was sold for Rs 34,000 cash. 6. Bonds of Rs 10,000 were redeemed at their book value for cash. Bonds of Rs 30,000 were converted into common stock. 7. Common stock (Rs 1 par) of Rs 130,000 was issued for cash. 01/02

20 Page 13 of 31 Q.2: Crown developers disposed of plant assets in the following transactions. Pass the entries for ALL of the cases. 1) Office equipment costing Rs. 140,000 was given to scrap dealer. No proceeds were received from the dealer. At the date of disposal accumulated depreciation on the office equipment was amounted to Rs. 119,000. 2) Crown sold land and a building for Rs. 6,300,000 receiving 2,000,000 in cash and a 5 year 10% note receivable for the remaining balance. Crown s accounting records show the following amounts. Land Rs. 1,200,000, Building Rs. 3,500,000. Accumulated depreciation on building was Rs. 1,150,000. 3) Crown traded in an old truck for a new one. The old truck had cost Rs. 1,110,000 and accumulated depreciation amounted to Rs. 700,000. The list price of the new truck was 1,700,000. Crown received Rs. 500,000 trade in allowance. Q.3: The stockholder s equity of LDL Corporation at December 31, 2012 is shown below: Common stock Rs10 par, 100,000 shares authorized, 40,000 shares issued Rs 400,000 Additional paid in capital: common stock 200,000 Total paid in capital 600,000 Retained earnings 1,500,000 Total stockholder s equity 2,100,000 During 2013, the following transactions effecting stockholder s equity occurred. (i) A 5-for-4 stock split was proposed and 10,000 new shares were distributed to stockholders. (ii) The company purchased 2000 shares of its common stock on the open market at Rs37/share. (iii) The company reissued 1000 shares of treasury stock at Rs45 per share. (iv) Issued for cash 20,000 shares of previously unissued Rs8 par value common stock at a price of Rs45 per share. (v) A cash dividend of Rs1 per share was declared and payable on December 31. (vi) A 10% of the outstanding stocks dividend was declared. The market price was Rs48. Net income for the year was Rs177,000. Required: 1. Prepare journal entries to record the transactions related to stockholder s equity. 2. Prepare statement of retained earnings for the year ended December 31, Q.4: The following data apply to Lawrence Company (millions of dollars): Cash and marketable securities Rs 100 Fixed Assets Rs Sales Rs 1000 Net Income Rs 50 Quick ratio 2 Current Ratio 3 DSO (days sales outstanding) days ROE 12% The company s equity side consists of common equity, current liabilities and long-term debt. Required: Find the following: a) Accounts Receivable b) Current Liabilities c) Current Assets d) Total Assets e) Return on Assets f) Long term debt Q.5: Johnston Co. on November 1, 2013 borrowed Rs. 1,000,000 from a bank issuing a three month 12% note. Required: Make entries in general journal of Johnston Co. relating to; issue of note on November 1; accrual of interest on December 31; and payment of note on February 1, assuming that the note was drawn as follows: 1) Face value of note Rs. 1,000,000 with interest stated separately. 2) With interest included in the face value of the note.

21 Page 14 of 31 COMPUTER APPLICATION TO BUSINESS; BA (M) 512 MBA II Date: June 26, Attempt ALL Questions. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device will not be allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q-1 a) Differentiate between intranet, extranet and internet? Q-1 b) Explain the difference between LAN and WAN Q-2 a) You are offered a choice between two networks. Network A will usually transmit a file of 200 Megabytes in less than 20 seconds, Network B runs at a speed of 80 Megabits per second. Which would you choose? Q-2 b) What is the role of database and DBMS in information system explain with the help of examples? Q-3 a) What is office automation? Define its tools completely in detail. Q-3 b) What are the advantages of using computers for business? Q-4 a) What do you understand by 'Transaction Processing Systems'? How it be effective in Marketing and Finance? Give suitable examples. Q-4 b) Explain purpose Electronic data interchange (EDI) in supply chain management, and illustrate how EDI can restructure business relationships among Organizations. Give its competitive advantages. Q-5 a) Define what do we mean by an ELECTRONIC-Market place? Q-5 b) How the transactions are being coordinated over the electronic market? and who takes the responsibility of managing all those transactions?

22 Page 15 of 31 HUMAN RESOURCE MANAGEMENT; BA (M) 552 MBA II Date: June 28, Attempt any 5 questions. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device will not be allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q1 a) Describe the Purpose and primary objectives of an HR department. [08] b) Identify the internal Organizational Challenges to Human Resource [04] management. Q2 a) Explain how training and development differ. [06] b) How Training benefits the Organization? [06] Q3 a) Explain the uses of performance appraisals. [06] b) Discuss HR department s role in performance appraisals. [06] Q4 a) Suppose you are a department manager with twenty four employees and have [06] been asked to determine the training needs of your group by the training specialists in the HR department. What approaches would you use to make this assessment? b) How is information Technology facilitating the functions of HRM? [06] Q5 a) Discuss different job redesign techniques used to improve the quality of work [06] life. b) Effective and efficient communication is the key to all HRM functions Discuss. [06] Q6 Write short notes on any 4 of the following: [12] 1. Key human resource activities 2. Steps in the evaluation of training and development 3. Job description 4. Guidelines for effective performance evaluation 5. Interviews 6. Staffing 7. Motivation

24 Page 16 of 31 COST ACCOUNTING; BA (M) 611 MBA III Date: June 16, Attempt all questions. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device is not allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q1 The following information for the year ended December 31, End of year Beginning of year Materials Rs 24,000 Rs 20,000 Work in process 8,000 12,000 Finished goods inventory 90,000 80,000 Direct material used 210,000 Direct labor used 120,000 Selling expenses 170,000 General and administrative expenses 140,000 Overhead is applied to production at a rate of Rs 24 per direct labor hour. Direct labor workers logged 8,000 hours during period. Required: Prepare Cost of goods manufactured. Q2 On October 1, the Fahad Company had the following inventories: Materials, 200% of WIP beg; WIP, 2/6 of finished goods (beg.); and finished goods, Rs 36,000. During the month, materials purchases totaled Rs 56,000. Direct labor for October was 5% of sales, at a uniform wage of Rs 6.40 per hour. Marketing and administrative expenses for the month amounted to 10% of net sales. Inventories on October 31 were as follows: Materials 20,000; WIP 20% of Direct labor for October; and finished goods, Rs 40,000. Net sales for October totaled 5 times of finished goods ending. FOH is applied on the basis of Rs 8 per direct labor hour. Required: Define and calculate: 1) Cost Of Goods Manufactured 2) Direct material consumed 3) Cost of Goods Sold 4) Conversion Cost 5) Direct labor Q3 Mazhar Corporation uses a process cost system and the weighted average cost flow assumption. Production begins in the Fabricating Department where materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. On March 1, the beginning work in process inventory consisted of 20,000 units which were 60% complete and had a cost of Rs 190,000, Rs 145,000 of which were materials costs. During March, the following occurred: Materials added Rs 305,000 Conversion costs incurred Rs 120,000 Units completed and transferred out in March 50,000 Units in ending work in process March 31 (20% complete) 25,000 Required: Answer the following questions and show the computations that support your answers. 1. What are the equivalent units of production for materials and conversion costs in the Fabricating Department for the month of March? 2. What are the costs assigned to the ending work in process inventory on March 31? 3. What are the costs assigned to units completed and transferred out during March? Q4 Lasani Company uses a job order cost system in each of its two manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department A and machine hours in Department B. In establishing the predetermined overhead rates for 2002, the following estimates were made for the year: Department A B Manufacturing overhead Rs 2,100,000 Rs 1,600,000 Direct labor cost 1,200,000 1,200,000 Direct labor hours 100, ,000 Machine hours 200, ,000 Cont

25 Page 17 of 31 During January the job cost sheet showed the following costs and production data: Department A B Direct materials used Rs 195,000 Rs 128,000 Direct labor cost 100, ,000 Manufacturing overhead incurred 180, ,000 Direct labor hours 8,000 8,400 Machine hours 16,000 34,000 Required: (a) Compute the predetermined overhead rate for each department. (b) Compute the balance in the Manufacturing Overhead account at the end of January and indicate whether overhead is over- or under-applied. Q5 Adil Company is a manufacturing firm that uses job-order costing. At the beginning of the year, the company's inventory balances were as follows: Raw materials... Rs 36,000 Work in process... Rs 41,000 Finished goods... Rs 104,000 The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 21,000 machine-hours and incur Rs 210,000 in manufacturing overhead cost. The following transactions were recorded for the year: a. Raw materials were purchased, Rs 346,000. b. Raw materials were requisitioned for use in production, Rs 338,000 (Rs 302,000 direct and Rs 36,000 indirect). c. The following employee costs were incurred: direct labor, Rs 360,000; indirect labor, Rs 68,000; and administrative salaries, Rs 111,000. d. Selling costs, Rs 153,000. e. Factory utility costs, Rs 29,000. f. Depreciation for the year was Rs 102,000 of which Rs 93,000 is related to factory operations and Rs 9,000 is related to selling and administrative activities. g. Manufacturing overhead was applied to jobs. The actual level of activity for the year was 19,000 machinehours. h. The cost of goods manufactured for the year was Rs 870,000. i. Sales for the year totaled Rs 1,221,000 and the costs on the job cost sheets of the goods that were sold totaled Rs 855,000. j. The balance in the Manufacturing Overhead account was closed out to Cost of Goods Sold. Required: i) Prepare the appropriate journal entry for each of the items above (a. through j.). You can assume that all transactions with employees, customers, and suppliers were conducted in cash. Q6 Eastern Company uses a standard cost system in which manufacturing overhead is applied to units of product on the basis of standard direct labor-hours (DLHs). The denominator activity level is 60,000 direct labor-hours, or 300,000 units. A standard cost card for the company s product follows: Standard quantity or hours Standard price or rate Standard cost Direct materials kilogram Rs 16 per kilogram Rs 4 Direct labor DLH Rs 10 per DLH 2 Variable overhead DLH Rs 5 per DLH 1 Fixed overhead DLH Rs 10 per DLH 2 Total standard cost... Rs 9 Actual data for the year follow: Units produced and sold ,000 Actual direct labor-hours worked... 64,800 Actual variable manufacturing overhead cost... Rs 327,240 Actual fixed manufacturing overhead cost... Rs 612,000 Required: a. Compute the variable manufacturing overhead spending and efficiency variances. b. Compute the fixed manufacturing overhead budget and volume variances.

26 Page 18 of 31 ECONOMICS & INDUSTRIAL DEVELOPMENT OF PAKISTAN; BA (M) 641 MBA III Date: June 18, Attempt any 5 Questions, all carry equal marks. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device will not be allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q1 a) Explain the main factor responsible for agricultural backwardness in Pakistan. Q1 b) How for the availability of cheap credit can help to resolve these problems of agricultural sector? Explain. Q2 Q3 Q4 Q5 Q6 Acute shortage of electricity is a severe blow to the economic and industrial development of a country. Explain with reference to the adverse effects of load-shading in Pakistan. Trade movement of a country depends a lot on the devaluation of currency. Discuss devaluation of Pakistani rupee and its after effect on the currency The industrial sector of Pakistan is backward as its progress is not satisfactory discuss atleast six remedial measures taken by the government of Pakistan to improve the efficiency of Industrial sector Pakistan can be better by adopting the export expansion strategies rather than import substitutes. Discuss OR Government has an important responsibility to support large scale industry. Discuss the deteriorating conditions of Pakistan steel and government continues funding to its revival. Suggests steps to make Pakistan steel a viable and profitable organization Write short notes on any 2 of the following: 1. Role of foreign private investment in the economic development of Pakistan 2. Role of commercial bank 3. Income inequalities in Pakistan 4. Role of Private and Public sector in the industriliazation of Pakistan

27 Page 19 of 31 FINAL EXAMINATION, JUNE 2014; AFFILIATED COLLEGES PRODUCTION MANAGEMENT; BA (M) 631 MBA III Date: June 20, Attempt any 5 questions. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device is not allowed in the examination room. Students must have to remove the batteries of these devices before entering the examination hall. Q.1 Discuss the various stages involved in satisfying a customer s need. Which of these stages form a part of production and operations management? Q.2 Explain how operations can be used as a competitive weapon. Q.3 Distinguish between design capacity and system capacity. Briefly explain different longterm and short-term capacity strategies. Q.4 The traditional role of suppliers has altered in present day. Discuss this in the light of the role of suppliers in the supply chain management (SCM). Q.5 Describe the basic concepts of EOQ (Economic Order Quantity) and its application in inventory management. Q.6 What is the purpose of material requirement planning (MRP)? Elucidate the steps of MRP computations. Q.7 Just-in-Time (JIT) is an integrated set of activities designed to achieve high-volume production using minimal inventories of raw materials, work in progress, and finished goods. Discuss the prerequisites for implementing JIT. Q.8 Operations research (OR) is an interdisciplinary idea that uses thinking and also methods such as mathematical modeling, statistics and algorithms to arrive at optimal or near optimal solutions to complex problems in an organization. Briefly discuss the phases involved in OR methodology.

28 Page 20 of 31 INTRODUCTION TO BUSINESS FINANCE; BA (M) 621 MBA III Date: June 23, Attempt any 5 questions. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device is not allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q1 a) What is the present value of the perpetuity of $100 per year if the discount rate is 7 percent? What would happen to the value of the perpetuity if interest rate would be double? Q1 b) Your friend borrows Rs. 100,000 and promises to repay Rs. 200,000. If you want at least a return of 12% on your loan, within how many years must he pay you back? Q2 a) Cash flows are given more importance than profits in finance. Why? How does it relate to the objective of the firm? Q2 b) Elaborate at least five potential problems with ratio analysis? Q3 a) What is the operating cash conversion cycle? What does it measure? What are the benefits to reduce it? Q4b) Integrating working capital management into a value maximizing framework is not easy. Why? Q4 From the given data find the following ratios: Liabilities + Stockholder's Assets Equity Cash 500 Accounts payable 800 Marketable securities 300 Notes Payable 700 Accounts receivable 900 Current liabilities 1500 Inventory 1200 Long term debt 3000 Current assets 2900 Common stock 3000 Fixed assets 7100 Retained earning 2500 Total assets Total liabilities and stockholder's equity Income Statement Sales Cost of goods sold (6500) Gross profit 3500 Operating expenses (2100) Operating Income 1400 Interest (600) Taxes (400) Net Income 400 Required: 1. Fixed asset turnover 2. Current ratio 3. Quick ratio 4. Debt Equity ratio 5. Times interest earned 6. Inventory turnover 7. Average collection period 8. Net profit margin. 9. Return on assets 10. Return on equity Q5 The Company has a project with the following cash flows and cost of capital is 10%. YEAR Cash flows 200,000 50, , ,000 40,000 25,000 Required: a) Calculate project s payback period, discounted payback period, net present value (NPV) and internal rate of return? Q6 a) Differentiate between: i) Primary market & secondary market ii) Operating leverage & financial leverage iii) iv) Business risk & Financial risk Diversified and non-diversified risk Q6 b) Explain how the CAPM relates risk and return? Q6 c) What does the Weight refer to in the Weighted Average Cost of Capital?

29 Page 21 of 31 ADVANCE BUSINESS STATISTICS; BA (M) 601 MBA III Date: June 25, Attempt any 5 Questions. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device will not be allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q.1 a) Define (1) Parameter and Statistic (2) Descriptive and Inferential Statistics. (03) Q.1 b) The mean and variance of a normal random variable x are 50 and 25 respectively. Find P (37.5 x 62.5) (09) Q.2 a) Define sampling distribution of sample mean x. What are its properties? (03) Q.2 b) What is the probability of drawing a random sample with a mean of 30 or more from a population with mean of 28? The sample size is 100 and the population variance is 64. (09) Q.3 a) Define Pooled Variance. (03) Q.3 b) Given two random samples of size n 1 = 9 and n 2 = 16 from two independent normal populations with 2 2 x 1 = 64; x 2 = 52; s 1 = 36; and s 2 = 25 Find a 95% confidence interval for (µ 1 µ 2 ). Assume σ 1 = σ 2. (09) Q.4 Draw all possible samples of size 2 with replacement from the population 6, 9, 15. Verify that (i) E(x ) = μ and (ii) V(x ) = σ2 (12) Q.5 a) Define Type I and Type II errors. (03) Q.5 b) An ambulance service claims that it takes it on the average not more than 10 minutes to reach its destination in emergency calls. To test this claim, the time taken to reach the destination on 50 randomly chosen emergency calls were observed. The mean and standard deviation of the sample were computed as x = 11.2 minutes and s = 3.1 minutes. At 0.05 level of significance, does this constitute evidence that the figure claimed is too low? (09) Q.6 a) Find a 95% confidence interval for the mean of a normal population if a random sample of 16 values with mean 41.5 inches and standard deviation 9 inches is drawn from this population. (03) Q.6 b) Two machines are used to cut steel bars of equal length. A random sample of 50 bars, cut on machine 1, gives mean of 55.6 inches with a standard deviation of 0.10 inches. Another random sample of 50 bars, cut on machine 2, gives a mean of 55.5 inches with standard deviation of 0.12 inches. At the 0.05 level of significance, are the machines cutting bars of equal length? (09) n 01/02

30 Page 22 of 31 Q.7 a) Define Null and Alternate hypotheses. (03) Q.7 b) A market researcher believes that in a certain population the proportion of persons preferring brands A, B, C and D of tooth paste are 0.30, 0.60, 0.08 and 0.02 respectively. A simple random sample of 600 persons drawn from the population shows the following preferences: Brand A B C D Number of persons Do these data provide sufficient evidence to reject the research s belief at α = 0.01 (09) Q.8 a) What is a time series? Describe its components. (03) Q.8 b) Determine a least square equation of trend line fitted to the following data. Estimate the value for the year (09) Years Values xxx/////xxx/////xxx/////xxx/////xxx/////xxx/////xxx/////xxx/////xxx/////xxx Selected Values From Statistical Tables t values d.f χ 2 values d.f z

31 Page 23 of 31 INTRODUCTION TO RESEARCH METHODS; BA (M) 651 MBA III Date: June 27, Attempt any 5 questions. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device will not be allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q.1 Elaborate the importance, nature and functions of marketing research. Q.2 What are the Types of Errors Affecting Experimental Results? Compare Laboratory Experiments and Field Experiments. Q.3 Discuss different types of questionnaire with examples. Q.4 Discuss the Concept, Scales and Components of Measurement in marketing research. Q.5 Discuss the different types of collecting primary data. Q.6 Write notes on the following: (i) Decision Support System (ii) The Nature of Ethical Issues in Marketing Research (iii) The Methods of Determining Sample Size

33 Page 24 of 31 MANAGEMENT INFORMATION SYSTEM BA (M) 632 MBA IV Date: June 17, Attempt any 5 questions, all carry equal marks. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device will not be allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q-1 Let s suppose you have been appointed as MIS Manager in an Organization, enlist the major problems and challenges that could be encountered during Management Information System implementation Q-2 Explain how does Executive Information System (EIS) supports management to achieve the Organizational goals and used as problem solving tool in an Organization Q-3 What do you mean by business intelligence? List down the Business Intelligence characteristics of Expert systems Q-4 (a) Describe why System Analysis and Design methodology is mandatorily required for business application development? (b) State, the phases involved in business system analysis and designing Q-5 Give reason, why database is indispensable part for automation? Enlist the advantages of RDBMS and also describe how database maintain Data integrity and consistency? Q-6 Write down the key distinguishing points between in the following with suitable examples. a) Client and Server b) Network and Data Communication c) Expert System and Artificial Intelligence

34 Page 25 of 31 MANAGERIAL ACCOUNTING; BA (M) 602 MBA IV Date: June 21, Attempt ALL questions. Do not write anything on the question paper. 2. Use of mobile phones or any other communicating device is not allowed in the examination room. Students will have to remove the batteries of these devices before entering the examination hall. Q1. Provided data is about sales and commission which is given to sales staff. Estimate the sales commission for the month of January 2014 if sales Rs.190,000. Use scattered graph method. Months 2013 Sales (Rs) Sales Commission (Rs) January 173,600 4,127 February 190,400 4,207 March 235,600 5,083 April 96,000 2,857 May 36,000 1,871 June 74,400 2,696 July 210,800 4,670 August 240,600 5,148 September 84,000 2,691 October 12,400 1,588 November 72,000 2,454 December 136,400 3,529 Q2. Selling price Rs. 30, Direct material Rs. 8, Direct labor Rs. 4, FOH variable Rs. 2 FOH fixed Rs. 40,000, Selling variable Rs. 2 fixed Rs. 30,000 Year 1 Year 2 Beginning inventory Production Unit sold Ending Inventory Required: a) Prepare statement for two years according to absorption costing and variable costing method. Follow FIFO method. b) Prepare reconciliation statement. Q3. Sale Chicken 1 Kg Cost of chicken Process cost Profit Rs.250 Rs.160 Rs.7 Rs.83 Firm decides to sell chicken in parts like wing, chest piece and drum stick. The estimated prices of above products are Wings Rs.180 Kg, Chest piece Rs.320 kg and Drum stick Rs.300 Kg. if we split 1 kg chicken in these products. Firm estimated that following yield can be obtained from 1 Kg chicken. 100 grams wing, 280 grams drum sticks and 500 gram chest piece. The process cost of splitting chicken is Rs.18. Required: Should it be sell or process further? 01/02

35 Page 26 of 31 Q4. The controller for Hakim Photographic Supply has established the following cost pools and cost drivers: Budgeted Overhead Cost Budgeted Level for Driver Activity Cost Pool Cost Driver Pool Rate Machine setups Rs. 200,000 Number of setups 100 Rs. 2,000 per setup Material handling 100,000 Pounds of raw material 50,000 Rs. 2 per pound Hazardous waste control 50,000 Pounds of hazardous chemicals 10,000 Rs. 5 per pound Quality control 75,000 Number of inspections 1,000 Rs. 75 per inspection Other overhead costs 200,000 Machine hours 20,000 Rs. 10 per machine hr. Total Rs. 625,000 An order for 1,200 boxes of film-development chemicals has the following production requirements: Machine setups 8 Pounds of raw materials 16,000 Pounds of hazardous chemicals None Inspections 4 Machine hours 400 Direct materials and labor cost Rs. 24,000 Hakim established a target price by adding a 40% markup to total manufacturing cost. Required: 1. Determine the order's target price by using the activity-cost pools. 2. Assume that Hakim used a single, combined overhead rate based on weight of raw materials. a. Determine the predetermined overhead rate. b. Determine the expected cost of the order. c. Determine the target price. 3. Which approach above ("A" or "B") seems to be a more reasonable method to establish target prices? Explain. Q5. a) Fill in the missing figures with calculation must be shown. A B C D E Selling price per unit Rs.? 50 20? 30 Variable cost as % of selling price 60? 75 75? No. of units sold ? Contribution Margin Rs ? Fixed costs Rs ? Q5. b) Prove which cost structure has more operating leverage and risky. Prove with help of DOL, Breakeven point and Margin of safety (1) Total cost= 6X (2) Total cost= 4X Q6. a) Define committed and discretionary fixed cost. Now a day s Third party contract is popular method of hiring, how this method provides the flexibility to cost managers to change the cost structure according to the business trend? Q6. b) How the time and legal factors affect on the behavior of the cost? Q6. c) Define CVP analysis. Discuss about the assumptions of breakeven analysis. Q6. d) Define relevant range, degree of operating leverage and relevant information.